Maharashtra Seamless Limited = QTRLY RESULTS = Q3 FY 2012 = ENDING DEC, 2011 = NET SALES UP 52%YoY; NPT UP 7%

Maharashtra Seamless Limited

NSE Symbol        MAHSEAMLES

Maharashtra seamless Ltd  has declared results for Q3 FY 12 ending Dec,2011.

Net Sales stands at Rs.617.47 cr in Q3 FY 12 – against Rs.577.67 cr in Q2 FY 12 (Up by 6.89%) – Rs.478.50 Cr in Q1 FY 12 (up by 29.04%); and Rs.405.78 cr in Q3 FY 11 (Up by 52.17%).

Total Expenditure stands at Rs.519.75 cr in Q3 FY 12 – against Rs.474.77 cr  in Q2 FY 12 ( up by 9.47%); Rs.384.93 cr in q1 FY 12 ( up by 35.02%); and Rs.      305.42 cr in Q3 FY 11 (Up by 70.18%).

Profit from Operations stands at Rs.98.02 cr in Q3 FY 12 – against Rs.108.53 cr (down by         -9.68%) in Q2 FY 12; Rs.97.48 cr in Q1 FY 12 ( up by 0.55%); and Rs.101.07 Cr in Q3 FY 11 ( down by -3.02%).

Profit  before tax stands at Rs.109.35 cr in Q3 FY 12 – compared to Rs.116.45 cr (down by         -6.1%); and Rs.105.54 cr in Q2 FY 12 (up by 3.61%) and Rs.111.32 cr in Q3 FY 11 (down by -1.77%).

Tax expense is lower at Rs.28.34 Cr – compared to Rs.35.28 cr in Q2 FY 12; Rs.33.89 in Q1 FY 12; Rs.35.63 in Q3 FY 11.

After Tax Expense, Net Profit stands at Rs.81.01 cr in Q3 FY 12; against Rs.81.17 cr in Q2 FY 12 (down by -0.2%); Rs.71.65 cr in Q1 FY 12 (up by 13.06%); Rs.75.69 cr in Q3 FY 11 (Up by 7.03%).

On a FV of Rs.5, the Basic EPS stands at Rs.11.48 in Q3 FY 12; Rs.11.51 in Q2 FY12; Rs.10.16 in Q1 FY 12; and Rs.10.73 in Q3 Fy 11.

The annual EPS may be around Rs.44.63.

The current MP is Rs.354.40,    While the  52 week high price is Rs.386 and the 52 week low price is Rs.289.

The PE Ratio is  7.94

RESULTS TABLE

Maharashtra seamless	31-Dec-11	30-Sep-11	%dif1	30-Jun-11	%Dif2	31-Dec-10	%Dif3
Net Sales	61747	57767	6.89	47850	29.04	40578	52.17
Other Operating Income	30	563	-94.67	391	-92.33	71	-57.75
Increase in SIT/WIP	-651	-951	-31.55	-4814	-86.48	-2877	-77.37
Raw Materials	42727	39123	9.21	34954	22.24	26135	63.49
Employees Cost	966	869	11.16	748	29.14	855	12.98
Depreciation	468	460	1.74	457	2.41	337	38.87
Other Expenditure	8465	7976	6.13	7148	18.42	6092	38.95
Total Expenditure	51975	47477	9.47	38493	35.02	30542	70.18
Profit from Operations	9802	10853	-9.68	9748	0.55	10107	-3.02
Other Income	1347	885	52.2	862	56.26	1122	20.05
Interest	214	93	130.1	56	282.1	97	120.62
Profit  before tax	10935	11645	-6.1	10554	3.61	11132	-1.77
Tax expense	2834	3528	-19.67	3389	-16.38	3563	-20.46
Net Profit	8101	8117	-0.2	7165	13.06	7569	7.03
Face Value (In Rs	5	5	0	5	0	5	0
Paid Up Equity	3527	3527	0	3527	0	3527	0
Basic EPS	11.48	11.51	-0.26	10.16	12.99	10.73	6.99
Public holding (%)	44.63	0		45.31	-1.5	45.31	-1.5

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